Aluula Composites Inc (TSE:AUUA) has released an update.
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ALUULA Composites Inc. has reported a significant increase in year-to-date third-quarter sales by 43%, with growth evident across their core windsport business and other performance outdoor markets. The company has also seen a substantial rise in the sailing and pack and bag verticals, alongside a notable improvement in their gross margin to 42%. This financial momentum is coupled with a reduction in net loss compared to the previous year, highlighting a promising trend for the innovative materials company.
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